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Oct 23, 2012
10/12
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i worked at goldman sachs my whole career. what i say in this book is not supposed to be purely a reflection of goldman. this is -- goldman did not become worse than every other bank. in my mind, it became just like every other bank, meaning goldman used to turn away hostile takeovers. the goldman of ten years ago would not have done a deal with the government of libya and moammar gadhafi. we're on an even playing field. everyone's a big boy. we're all sophisticated investors. i guarantee you the teachers retirement fund or the charity or philanthropy is not coming to goldman expecting to get ripped off. they're looking for advice and a good product. >> why did they go to goldman then? if you could sit here and say all these things are, you know, not putting clients first and they've got, you know, all of these practices that are hurting investors, then why is goldman the top firm on the street? >> because goldman is no doubt the smartest firm on the street. when a pension fund or mutual fund needs advice or resources, they're
i worked at goldman sachs my whole career. what i say in this book is not supposed to be purely a reflection of goldman. this is -- goldman did not become worse than every other bank. in my mind, it became just like every other bank, meaning goldman used to turn away hostile takeovers. the goldman of ten years ago would not have done a deal with the government of libya and moammar gadhafi. we're on an even playing field. everyone's a big boy. we're all sophisticated investors. i guarantee you...
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Oct 24, 2012
10/12
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i'm not being an apoapologist f goldman sachs. there are actors within these big banks and some banks who probably do not put their clients first and take them for granted. however, it leaves a bad taste in my mouth when i read so many stories about the go-go years and how mr. smith and company enjoyed them until, frankly, they decided they didn't. i do not know if this book is just a bunch of sour grapes over his compensation and promotions or the lack thereof. greg smith claims it is not. we can all make our own judgments on that. even if you don't believe the intentions are pure, this book should nonetheless be a wake-up call for wall street. the fact is, i do believe there are issues in the community. why else has the retail investor left the party? trust has plummeted. between the financial crisis, flash crashes, trading glitches, and debacles like the facebook ipo, it has taken a toll on the retail investor. bottom line, clients should be the priority, integrity should be the goal even at the expense of profitability. so boo
i'm not being an apoapologist f goldman sachs. there are actors within these big banks and some banks who probably do not put their clients first and take them for granted. however, it leaves a bad taste in my mouth when i read so many stories about the go-go years and how mr. smith and company enjoyed them until, frankly, they decided they didn't. i do not know if this book is just a bunch of sour grapes over his compensation and promotions or the lack thereof. greg smith claims it is not. we...
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Oct 11, 2012
10/12
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. >> goldman sachs ceo pressing d.c. to get its act together on the fiscal cliff and the nation's debt along with alan simpson and erskine bowles. it's the interview you'll see only on cnbc. it's next, so keep it right here. >>> then, just a little bit later -- ♪ so good, so good, sugar >> it's the video the big soft drink makers do not want you to see ironically made by a former ad executive whose agency represented none other than coca-cola for years. someone here says to watch out because it's not exactly on the up and up. we're going to go to the front lines of the soda wars coming up. stick around. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550
. >> goldman sachs ceo pressing d.c. to get its act together on the fiscal cliff and the nation's debt along with alan simpson and erskine bowles. it's the interview you'll see only on cnbc. it's next, so keep it right here. >>> then, just a little bit later -- ♪ so good, so good, sugar >> it's the video the big soft drink makers do not want you to see ironically made by a former ad executive whose agency represented none other than coca-cola for years. someone here says...
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Oct 26, 2012
10/12
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in a rare show of unity, companies as diversified as goldman sachs and cisco, boeing, aetna and many others are ringing in the alarm bells. and it's not in a partisan way. they want to make sure we are also making much-needed and sensible spending cuts. and above all, we cannot go over the fiscal cliff. the cuts and tax reform must be thought out and effective. not blunt and damaging. but isn't the it interesting that it's business that is pressing congress to act? they say it is urgent to put a plan in place to cut america's debt load. in the here and know, the uncertainty about tax rates and government contracts is throwing a monkey wrench in their budget plans for 2013. in the long term, these leaders of business all know that a trillion dollar annual deficit piled on to an already unimaginable debt is simply not sustainable. this group reflect and responds to the economy. businesses create jobs but they will not commit to adding heads to the payroll in the face of so many questions out there. in fact, if congress fails to act and reach an agreement by year end, automatic spending
in a rare show of unity, companies as diversified as goldman sachs and cisco, boeing, aetna and many others are ringing in the alarm bells. and it's not in a partisan way. they want to make sure we are also making much-needed and sensible spending cuts. and above all, we cannot go over the fiscal cliff. the cuts and tax reform must be thought out and effective. not blunt and damaging. but isn't the it interesting that it's business that is pressing congress to act? they say it is urgent to put...
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Oct 15, 2012
10/12
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. >>> coca-cola, goldman sachs, johns johnson & johnson due out tomorrow that will likely set the tone. we have a trio of top money pros telling you how to allocate capital. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> welcome back. oon though president obama has been touting efforts to help enintranewerer and small business, a new report says his tax proposals will help not hurt small businesses. his plan would raise taxes on small businesses by $49 billion. a move the group says would lead to 200,000 fewer jobs in 2013. good to see you, gentlemen, thank you for joining me. the study suggests president obama's p
. >>> coca-cola, goldman sachs, johns johnson & johnson due out tomorrow that will likely set the tone. we have a trio of top money pros telling you how to allocate capital. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking....
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Oct 25, 2012
10/12
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if you follow president obama's numbers on trade and overlay with the goldman sachs commodity, the fortunes are almost the exact same chart. the market's worried that if romney gets elected, all this money printing, the quantitative easing, that stuff might be over. it could be bad news for the commodity trade. >> all right. we'll leave it there. thanks, everybody. really appreciate it. we'll keep watching this market, which ended high we are a late burst of buying. we have breaking news on decker's outdoor. >> maria, this is what i like to call a who knew what when story. if you look at deckers right before the close, the stock took a really big hit. down quite a bit in the 30 minutes before the market closed. company came out with results. they were okay. it's the guidance that counts. you've got to listen to these numbers. the company now says sales in 2012 would increase by 5%. that's compared with its earlier guidance of 14%. eps will be down 33%. earlier guidance, down 9%. so it will be interesting to see how this trades. it's an interesting story we'll keep watching. back to you. >>
if you follow president obama's numbers on trade and overlay with the goldman sachs commodity, the fortunes are almost the exact same chart. the market's worried that if romney gets elected, all this money printing, the quantitative easing, that stuff might be over. it could be bad news for the commodity trade. >> all right. we'll leave it there. thanks, everybody. really appreciate it. we'll keep watching this market, which ended high we are a late burst of buying. we have breaking news...
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Oct 19, 2012
10/12
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don't ask this guy because we have the options trade that can turn time into money with goldman sachs' stock. the action beginning right now. >> live from the nasdaq market
don't ask this guy because we have the options trade that can turn time into money with goldman sachs' stock. the action beginning right now. >> live from the nasdaq market
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Oct 5, 2012
10/12
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goldman sachs also putting out a very bearish report for the short term as well. >> and take a look at what's going on right now. peter, let me start with you. your take on the jobs number today. >> i think it was rather lame. i'm not looking at the headline unemployment rate. i look at u-6. that was exactly unchanged with the prior month. you look at the private sector payroll growth, barely above 100 thorax. it's lackluster at best. i'm not looking at the headline unemployment rate and taking that on its surface. you have to look underneath the hood, and you realize it was a lackluster number. >> dean, do you agree with that? is that why we saw a fade into the close today? >> i'm not sure if that's the reason for the market fading into the end. i do agree it's a very tepid number. you had strong growth partly driven by the government, where the labor markets were quite tepid. >> what else are we going to see, rick santelli? what's going to happen in the next week or so? a lot of people arguing the earnings situation, we're going to have negative growth in the third quarter. what do y
goldman sachs also putting out a very bearish report for the short term as well. >> and take a look at what's going on right now. peter, let me start with you. your take on the jobs number today. >> i think it was rather lame. i'm not looking at the headline unemployment rate. i look at u-6. that was exactly unchanged with the prior month. you look at the private sector payroll growth, barely above 100 thorax. it's lackluster at best. i'm not looking at the headline unemployment...
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Oct 16, 2012
10/12
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you're not buying goldman sachs. you're buying a turnaround story. you're buying emerging markets and turn around. we were fortunate. we bought the bank after it had collapsed down. i still think right now there's still 20% upside in this stock. i might also add, maria, the chairm chairman, rand bank of hawaii, that's a more notoriously well-respected institution. i have to believe that probably led up to this issue today as well. >> well, these are two different animals, right? you have the commercial side of the business and the institutional side of the business. it's also what i was hearing earlier. they were certainly at odds. gentlemen, great insights. we appreciate your time tonight. we're looking at the earnings fro out from intel. better than expected. we're waiting on ibm. we'll wait for the numbers. a lot more ahead. stay right there. for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn
you're not buying goldman sachs. you're buying a turnaround story. you're buying emerging markets and turn around. we were fortunate. we bought the bank after it had collapsed down. i still think right now there's still 20% upside in this stock. i might also add, maria, the chairm chairman, rand bank of hawaii, that's a more notoriously well-respected institution. i have to believe that probably led up to this issue today as well. >> well, these are two different animals, right? you have...
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Oct 1, 2012
10/12
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goldman sachs, lowering their fourth quarter gdp estimates. and the perpetual bulls at deutsche bank cutting their global growth forecast down from 3.3% to 2.9%. that 3% is a very important level because most economists will tell you anything lower than 3% for global growth is tantamount to a recession. >> and of course we know rick santelli, that gdp just came out for this quarter. the last quarter, and it was revised downward. >> absolutely. so, you know, we can talk about, you know, how buybacks and all the money that corporations are able to get their hands on, that many smaller businesses or main streeters can't, and, of course, you know, that does push the prices of stock ultimately higher. once again, the fed's picking and choosing on how capital's alloca allocated. you know, the futures market are telling us a different story this first trading day of the quart. er. s&p futures, they have an outside day. they're low, which was established before our time zone, was in 1,427. higher high, lower low than the previous day's session. that m
goldman sachs, lowering their fourth quarter gdp estimates. and the perpetual bulls at deutsche bank cutting their global growth forecast down from 3.3% to 2.9%. that 3% is a very important level because most economists will tell you anything lower than 3% for global growth is tantamount to a recession. >> and of course we know rick santelli, that gdp just came out for this quarter. the last quarter, and it was revised downward. >> absolutely. so, you know, we can talk about, you...